PPG Industries (NYSE:PPG) Price Target Raised to $130.00

PPG Industries (NYSE:PPG) had its target price increased by JPMorgan Chase & Co. from $125.00 to $130.00 in a report published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the specialty chemicals company’s stock.

Several other equities research analysts have also recently weighed in on the stock. UBS Group upped their price target on shares of PPG Industries from $116.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday. Barclays increased their price objective on shares of PPG Industries from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday. The Goldman Sachs Group reissued a “buy” rating and set a $128.00 price objective on shares of PPG Industries in a report on Friday, October 9th. Mizuho boosted their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Finally, Wells Fargo & Company upped their target price on PPG Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.29.

PPG Industries Stock Down 0.2%

NYSE:PPG opened at $119.72 on Thursday. PPG Industries has a 1-year low of $93.39 and a 1-year high of $133.43. The company has a 50-day moving average of $108.78 and a 200 day moving average of $112.47. The firm has a market cap of $26.45 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 2.18 and a beta of 1.06. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.58 and a quick ratio of 1.15.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, October 27th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.13. The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.28 billion. PPG Industries had a net margin of 9.41% and a return on equity of 20.90%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 EPS. As a group, research analysts anticipate that PPG Industries will post 7.98 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Tuesday, November 10th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, November 10th. PPG Industries’s dividend payout ratio (DPR) is currently 42.29%.

Institutional Investors Weigh In On PPG Industries

Large investors have recently modified their holdings of the business. Bank of Nova Scotia acquired a new stake in PPG Industries in the 2nd quarter worth approximately $2,850,000. Legal & General Group Plc purchased a new stake in PPG Industries during the 2nd quarter worth approximately $169,096,000. Bank of America Corp DE purchased a new stake in PPG Industries during the 2nd quarter worth approximately $278,965,000. PensionDanmark Pensionsforsikringsaktieselskab increased its stake in PPG Industries by 38.8% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 46,861 shares of the specialty chemicals company’s stock valued at $5,684,000 after purchasing an additional 13,101 shares in the last quarter. Finally, Glenview Trust Co acquired a new position in PPG Industries during the 2nd quarter valued at approximately $1,931,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Trending Headlines about PPG Industries

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: Analysts broadly raised their price targets following PPG’s earnings beat and higher guidance. Wells Fargo lifted its target to $135 and maintained an overweight rating; Barclays raised its target to $137; JPMorgan increased its target to $130 with an overweight rating; and KeyBanc raised its target to $131. Wells Fargo target update KeyBanc target update
• Positive Sentiment: Royal Bank of Canada, UBS and Citigroup also raised their targets, with the new estimates ranging from $123 to $130. These revisions suggest analysts see additional upside after the company’s recent operating performance. Analyst target revisions
• Positive Sentiment: PPG’s third-quarter results exceeded consensus expectations, while discussion of higher guidance supports the outlook for earnings and may reinforce the investment case for the specialty-chemicals manufacturer. PPG Q3 2026 earnings call summary
• Neutral Sentiment: PPG senior information technology manager Jennifer Bourne was named to Pittsburgh Magazine’s 2026 40 Under 40 list. The recognition highlights employee leadership but is unlikely to materially affect near-term financial results. Jennifer Bourne 40 Under 40 announcement
• Negative Sentiment: Morgan Stanley initiated or reiterated a “hold” rating, signaling limited conviction that PPG will outperform at its current valuation. Commentary questioning whether the stock is fairly valued after its earnings beat and guidance increase may also be restraining buying interest. Morgan Stanley hold rating

PPG Industries Company Profile

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company develops products designed to protect, decorate and improve the performance of surfaces and components used in transportation, construction, manufacturing and consumer products.

Its product portfolio includes automotive and commercial vehicle coatings, aerospace coatings, industrial and protective coatings, architectural paints, packaging coatings, and coatings used in marine and other specialty applications.